I was making 90,000 . My husband had a pension plan and was he was making 70,000 . I had 401k and we made several moves to downsize and pay off debt .
I’m scared to death , could we do this ?
But we still made the best decision in April of 2021.
We retired early and we have health care for three years . When it ends we will be 62 . We will have to pay for it . That’s factored in our plan .
Do you need a million dollars? It depends on how you want to live in retirement .
I can tell you we don’t have a million dollars .
But we have no debt . Zero . Okay ,I have a small Mtg of 78,000 . I need a write off .
But no car payments or student loans or crushing cc debt . Do I live in a big house ? No
I live in a two and one bungalow with a large yard by a bay . We get to travel a little , although covid put a wrench in some of our plans
It’s all about how you want to live out your days .
I had a health scare a year before retirement .
It made me understand that priorities in my life had to shift or I was going to die.
You either make more money or spend less
Either way you have to make the best decision for you , your family and your health .
I sat on the beach yesterday in October ,writing on the beach ,pursuing my dreams of writing .
Good luck !